Russia's International Industrial Bank plans to sell $100 million three-year notes

By Reshmi Basu

New York, July 17 - International Industrial Bank, via IIB Luxembourg SA (B+/B1/B), plans to sell $100 million of senior unsecured loan participation notes, according to a market source.

The notes will bear a tenor of up to three years and will be putable after 18 months.

Barclay Capital and Vneshtorgbank are lead managers for the Regulation S transaction.

A roadshow for the debt issue started Monday in London.

The issuer is a privately owned commercial banking group.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.